Finmarc Management Inc Acquires Industrial Property In Gaithersburg For $4.95M
7419 Lindbergh Dr, Gaithersburg, MD...
$4,950,000
$106/SF
Building Size
46,600 SF
Asset Type
Industrial
Closing
Oct 10, 2016
AI
The property involved in the transaction is a 46,600-square-foot flex/warehouse building located at 7419-7431 Lindbergh Drive in Gaithersburg, Md. Situated on 4.7 acres of land, the property was acquired by Finmarc Management Inc. for $4.95 million from 7419 Lindberg Drive LLC. At the time of the deal, the property was 90 percent occupied.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,950,000.00
- Address: 7419 Lindbergh Dr, Gaithersburg, MD
- Market: Gaithersburg
- Buyer's Representative: Sandy Hunt (Scheer Partners)
- Buyer: Finmarc Management Inc
- Seller: 7419 Lindberg Drive LLC
- Square Footage: 46,600
Finmarc Management Inc., based in Bethesda, Md., finalized the acquisition of the industrial property. The buyer was represented by Sandy Hunt from Scheer Partners in the transaction. The seller, 7419 Lindberg Drive LLC, completed the sale of the property, showing confidence in the deal's potential. The successful acquisition of this prime industrial asset highlights the strategic investment decisions made by Finmarc Management Inc., indicating a positive move in their commercial real estate portfolio.
Players
Gaithersburg Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.20%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93